There are many issues to negotiate during a divorce. One of the most problematic may be that of property division. Massachusetts is an equitable distribution of property state, meaning all marital property is divided between spouses according to what the judge presiding over the case deems fair. While you may consider the family home, vehicles, furniture and savings account balance
Residents in Massachusetts who have a high net worth are also going to run into unique hurdles during your divorce. Kajko, Weisman & Colasanti, LLP, are here to explain what sort of troubles you may be facing due to your assets. As you know, when you get a divorce, your assets will be divided between you and your spouse. This can
Wealth has little effect on the harmony between people in a marriage, after a certain amount. In fact, there is evidence that certain levels of wealth are more conducive to combative divorces. Understanding the pressures involved could help people avoid this type of trouble in their own divorces here in Massachusetts and New Hampshire. An amicable divorce is generally preferable
If you and your spouse are currently heading toward a Massachusetts divorce, chances are, the two of you experienced a breakdown of trust in your partnership somewhere along the way. Maybe you have suspicions about infidelity, or maybe you believe your spouse was being less than upfront with you when it comes to finances. Unfortunately, many divorcing spouses start to
Do you fear that a divorce may end up taking away a piece of land or a vehicle you love and cherish, or deplete you of much of your financial capital? While some couples may have this concern, even Massachusetts couples who do not even think divorce is a remote possibility have avenues available to protect their assets before a
If you are someone who has recently undergone a divorce in Massachusetts and are required to pay alimony under a divorce settlement, one of the important questions you may have is whether you can deduct your alimony payments on your taxes. According to Findlaw, the answer is yes. Alimony can be deducted on the payer’s taxes because the other spouse receives the
Under the new Massachusetts alimony reform laws, your spousal support agreement is likely to be written in such a way that regular payments stop after the supporting spouse retires. There are, however, certain exceptions and special cases. The first major exception to your ability to execute post-retirement termination of alimony payments under the new law concerns modified judgments. If your divorce happened
If you are divorcing in Massachusetts, one thing you may need to think about is alimony. There are several different kinds of alimony and different reasons it is ordered. Understanding all these details can better enable you to strike the right alimony deal during your divorce negotiations. Mass.gov states that alimony can be awarded to a husband or wife and may be modified even
When Massachusetts couples go into business together, sometimes if that marital relationship ends, it can have ramifications for the business the two jointly own. In a divorce litigation, a company owned by a divorcing couple could end up dissolved or sold off if the spouses contest ownership of the business or its assets. However, high asset divorce does not have
Massachusetts lawmakers put alimony reform laws into effect several years ago, changing the landscape of the way the state courts handled spousal support. Some of the language of the reform act is different than that of comparable laws. WGBH published an interesting retrospective piece on the Alimony Reform Act, explaining the way legal interpretation changed over time. The retroactive effects of the act on existing alimony
There are many issues to negotiate during a divorce. One of the most problematic may be that of property division. Massachusetts is an equitable distribution of property state, meaning all marital property is divided between spouses according to what the judge presiding over the case deems fair. While you may consider the family home, vehicles, furniture and savings account balance
Residents in Massachusetts who have a high net worth are also going to run into unique hurdles during your divorce. Kajko, Weisman & Colasanti, LLP, are here to explain what sort of troubles you may be facing due to your assets. As you know, when you get a divorce, your assets will be divided between you and your spouse. This can
Wealth has little effect on the harmony between people in a marriage, after a certain amount. In fact, there is evidence that certain levels of wealth are more conducive to combative divorces. Understanding the pressures involved could help people avoid this type of trouble in their own divorces here in Massachusetts and New Hampshire. An amicable divorce is generally preferable
If you and your spouse are currently heading toward a Massachusetts divorce, chances are, the two of you experienced a breakdown of trust in your partnership somewhere along the way. Maybe you have suspicions about infidelity, or maybe you believe your spouse was being less than upfront with you when it comes to finances. Unfortunately, many divorcing spouses start to
Do you fear that a divorce may end up taking away a piece of land or a vehicle you love and cherish, or deplete you of much of your financial capital? While some couples may have this concern, even Massachusetts couples who do not even think divorce is a remote possibility have avenues available to protect their assets before a
If you are someone who has recently undergone a divorce in Massachusetts and are required to pay alimony under a divorce settlement, one of the important questions you may have is whether you can deduct your alimony payments on your taxes. According to Findlaw, the answer is yes. Alimony can be deducted on the payer’s taxes because the other spouse receives the
Under the new Massachusetts alimony reform laws, your spousal support agreement is likely to be written in such a way that regular payments stop after the supporting spouse retires. There are, however, certain exceptions and special cases. The first major exception to your ability to execute post-retirement termination of alimony payments under the new law concerns modified judgments. If your divorce happened
If you are divorcing in Massachusetts, one thing you may need to think about is alimony. There are several different kinds of alimony and different reasons it is ordered. Understanding all these details can better enable you to strike the right alimony deal during your divorce negotiations. Mass.gov states that alimony can be awarded to a husband or wife and may be modified even
When Massachusetts couples go into business together, sometimes if that marital relationship ends, it can have ramifications for the business the two jointly own. In a divorce litigation, a company owned by a divorcing couple could end up dissolved or sold off if the spouses contest ownership of the business or its assets. However, high asset divorce does not have
Massachusetts lawmakers put alimony reform laws into effect several years ago, changing the landscape of the way the state courts handled spousal support. Some of the language of the reform act is different than that of comparable laws. WGBH published an interesting retrospective piece on the Alimony Reform Act, explaining the way legal interpretation changed over time. The retroactive effects of the act on existing alimony
